Tag: Libya

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Libya Needs to Increase its Oil Production by 40% to Sustain the Sector – Central Bank

Al-Siddiq Al-Kabir, the Governor of the Central Bank of Libya (CBL), has indicated that the country's oil production must increase by at least 40% by 2022 to support sustainable development....
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Shell may Resume Oil Activities in Libya Soon

Shell's delegation met with Libya's state-owned National Oil Corporation earlier this week, and it appears that the corporation will resume operations in the country. Shell representatives met with Mustafa Sanalla,...
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Oil Pipeline Leak to Reduce Libya’s Output by 70,000 b/d – NOC

Libya's National Oil Corporation (NOC) announced a pipeline breach on Monday, August 9, that will reduce production at the Gallo field by up to 70,000 barrels per day as the...
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Libya’s Revenues Hit a New High in May

The National Oil Corporation (NOC) of Libya announced that net revenues from crude oil, gas, condensates, petroleum products, and petrochemicals sales for May 2021 AD reached record levels, owing to...
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NOC Libya Lifts Force Majeure on Marsa el-Hariga Terminal

In a statement on Monday, 26th April 2021, the National Oil Corporation of Libya (NOC) stated that crude loadings out of the 250,000 b/d Marsa el-Hariga terminals were set to...
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Libya Submits Oil Production Figure to OPEC for the First Time Since 2015

For the first time since March 2015, Libya has officially reported a production figure to the Organisation of Petroleum Exporting Countries (OPEC), stating it pumped 1.283 million barrels per day...
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Libya Creates New Oil and Gas Ministry; Names former OPEC Governor as Head

The new Government of Unity (GNU) has appointed a new Ministry of Oil and Gas, which is to be led by Libya's former OPEC governor, Mohamed Oun. The state-owned oil...
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NOC Libya Awards Consultancy Service Contract to Saipem

The National Oil Corporation of Libya (NOC) has awarded a Consultancy Service Contract to Saipem for the development of the Benghazi Oil Technical Centre (BOTC). The specialised Technical Centre is...
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Libya’s NOC Announces Over $1.1 billion General Revenue of Sales for December 2020

The National Oil Corporation (NOC) of Libya has announced that the general revenue of sales of crude oil, gas, condensates, petroleum products and petrochemicals for December 2020 reached a record...
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Libya Seeking Funds from Foreign Partners to Fix Ailing Oil Infrastructure

Speaking at the Atlantic Council's conference earlier this week, the Head of the National Oil Corporation of Libya (NOC), Mustafa Sanalla, said the country is talking to its partners to...
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